Payment Aggregator

A Payment Aggregator is a service provider that facilitates mobile or e-commerce payments for merchants. This type of service allows businesses to accept credit and debit card payments without the need to establish a direct merchant account with a bank. By aggregating the transactions of multiple merchants under a single account, payment aggregators streamline the payment process, making it more accessible, especially for small and medium-sized enterprises.

Key features and benefits of using a payment aggregator include:

Payment aggregators play a crucial role in democratizing access to digital payment systems, enabling more businesses to participate in the e-commerce landscape and expand their customer base by offering flexible payment solutions. This service model is particularly advantageous for emerging businesses and those operating with smaller transaction volumes, who might otherwise find the cost and complexity of traditional payment systems prohibitive.